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Wednesday, 12 September 2012

National Assembly tasks federal government on £2million discovered PHCN pension fund in a London bank

The National Assembly has told theFederal Governmentthat the report on the discovery of over two million pounds
belonging to the PHCN pension scheme in a London bank should not be swept under
the carpet.

The report of the Federal Government's eight-man
committee headed by a former Auditor- General of the Federation, Joseph
Ajiboye, which investigated the Power Holding Company of Nigeria pension
scheme, had discovered the unutilised funds.

The Vice Chairman of the House of Representatives
Committee on Power, Abike Dabiri-Erewa at the commissioning of the National
Electricity Regulatory Commission's Consumers Forum Office in Ikeja said the
two chambers would ensure that proper thing is done.

She described the keeping of the workers pension
money in an offshore account as inhuman.

The Minister of State for Power, Darius Ishaku in
his responds said it was welcome development that the money has been discovered
by a committee set up by the federal government.

He explained that the funds would assist in the
resolution of some of the outstanding electricity workers issues.

On the commissioning of the Ikeja Forum Office,
Governor Babatunde Fashola urged members of the public to ensure power is
properly conserved for the benefit of the country.